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this post was submitted on 05 Jun 2024
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While topically interesting, a lot of those graphs are either saying the same thing or are misinterpreting an exponential.
Yup this is left wing pseudo science instead of right wing pseudo science. These are just some graphs that don't prove anything without a scientific paper to back it up.
Well what you’re calling left wing psudoscience is an article by Economic Policy Institute: https://www.epi.org/publication/charting-wage-stagnation/
They explain their methodology and data sources in meticilous detail, even more so in their report on how they do; https://www.epi.org/publication/understanding-the-historic-divergence-between-productivity-and-a-typical-workers-pay-why-it-matters-and-why-its-real/
If that’s not enough here’s some more stuff:
https://academic.oup.com/qje/article/135/2/645/572126
https://www.imf.org/external/pubs/ft/wp/2008/wp08185.pdf
I never said it was incorrect but I'm just trying to say that some graphs with some arrows don't prove anything. Thanks for sharing actual factual information.
Agreed. Much love ❤️
"pseudo science"
It's a website with "wtf" in its name, chill. It just shows the degradation of purchase power firstly as a consequence of the 70s oil crisis, and then as a consequence of increased neoliberalism.